October 18, 2018

Providence Business Journal: Study Finds the Wealthy Pay a Lesser Share of Their Income Taxes in R.I.

ITEP Work in Action

The greater your income in Rhode Island, the less of it you pay in state and local taxes, a new study finds.

The top one percent of Rhode Islanders [those making more than $467,700 a year] pay 7.9 percent of their income in total state and local taxes, while the bottom 20 percent [those earning less than $21,700 a year] pay 12.1 percent of their income in such taxes.

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